JACKSONVILLE, Fla. — CSX Transportation’s third-quarter earnings sagged under the weight of pandemic-related traffic and revenue declines. The railroad’s operating income fell 11%, to $1.1 billion, as revenue declined 11%, to $2.6 billion. Earnings per share slumped 11%, to 96 cents. The railroad’s operating ratio was 56.9%, a 0.1-point increase compared to the quarterly record […]
CALGARY, Alberta — Canadian Pacific’s earnings slumped in the third quarter due to pandemic-related volume declines, but the railway boosted its outlook for the year and expects to set a fourth-quarter operating ratio record as traffic growth accelerates. CP on Tuesday morning reported its operating income decreased 10%, to $779 million, as revenue fell 6%, to […]
Tuesday afternoon rail news: NRC to hold ‘First Look’ webcasts in place of annual convention The National Railroad Construction and Maintenance Association will hold a series of webcasts in January to replace its annual NRC Conference, which had been scheduled for January 2021 in Hollywood, Fla., scrapped because of the COVID-19 pandemic. The “NRC First […]
Editor and 2-8-0 From behind the wheel of his car, Trains magazine Editor David P. Morgan watches Baltimore & Ohio 2-8-0 3127 on freight train 160 at a grade crossing near Genesee, Pa., in September 1955. Philip R. Hastings photo […]
Union Pacific to Clinton, Iowa 64.5 miles BNSF to Savanna, Illinois 60.0 miles BNSF to Aurora 45.3 miles UP to Proviso 59.6 miles Watch live railroading action 24 hours per day on TrainsMag.com! Our Rochelle Web Cam captures live action as the BNSF and Union Pacific main lines cross. Learn about Rochelle’s Railroad Park […]
Q. I don’t get motion and/or sound. What’s wrong with the camera? A. Likely nothing. While outages happen, they are relatively rare. The biggest cause of user distress is outdated software. We recommend updating the Adobe Flash Player plugin regularly and using a modern web browser, such as Google Chrome or Microsoft Edge, to view […]
Union Pacific to Clinton, Iowa 64.5 miles BNSF to Savanna, Illinois 60.0 miles BNSF to Aurora 45.3 miles UP to Proviso 59.6 miles Watch live railroading action 24 hours per day on TrainsMag.com! Our Rochelle Web Cam captures live action as the BNSF and Union Pacific main lines cross. Learn about Rochelle’s Railroad Park […]
All this month — October 2020 — Classic Trains editors are celebrating the heritage, history, and images of the Pacific Electric Railway. Please enjoy this photo gallery of images from the David P. Morgan Library archives at Kalmbach Media that include PE electric-, diesel-, and steam-powered freight trains through time. You might also enjoy this […]
KANSAS CITY, Mo. — Kansas City Southern reinstated and boosted its outlook for the year as traffic volume has risen above pre-pandemic levels in recent weeks. The railway, which reported improved earnings on Friday morning, says it now expects slightly higher earnings per share this year and its operating ratio to should improve to around […]
Several packing houses were located in close proximity to each other along the Santa Fe in Placentia, Calif. Styles varied from the frame building at left to the concrete structure at center. Note the semaphore signal installations at right. Photo by Tom Baxter […]
WASHINGTON — A late 2020 deadline is approaching for railroads and transit systems to submit plans on how they plan to comply with new Transportation Security Administration rules on security training. The new regulations require freight railroads, passenger railroads and designated “higher risk” transit systems to submit plans on how they will comply by Dec. […]
WASHINGTON — Rail improvements are part of at least 10 of the 18 ports receiving grants from the U.S. Department of Transportation’s Maritime Administration Port Infrastructure Development Program. The 18 recipients named in today’s announcement are receiving a total of $220 million. Trains News Wire has already covered some of these projects as they have been announced […]
